Betking Casino is a gambling giant in the Casino market suited for game and sportsbook lovers alike. The extensive list of casino games offered by Betking included various online slots and table games. Betking casino was opened in April 2013 and by the end of 2014 quickly became the most popular crowdfunded Bitcoin casino online. In 2015 Betking added new games to their portfolio and had the biggest bet placed in the Bitcoin gambling industry. From 2015 BetKing had the most wagered volume of all crowdfunded gambling sites, 400,000 Bitcoin, almost more than all competitors combined. Early in 2016, BetKing shared that it paid out in 2015 over 35000 BTC or an equivalent of $15 million during that time. Also, they had the most up to date SSL encryption technology which gave serious assurances to players that their sensitive data remained safe and well intact.
Betking casino was however closed in December 2016 due to honest reasons giving by Dean the company’s CEO. According to him;
“BetKing is very profitable and I have made good money off of it but I’m not the type of person to settle for being #2 at something. It’s a very unhealthy obsession that has started effecting my daily life off of BetKing which isn’t good. I could leave it open and neglect it and still make a very good living but I wouldn’t be happy with that”.
Recently Betking casino is staging a come back with a Bankroll Tokens crowdsale which will start on the 7th of August and end on the 4th of september 2017.
Betking has a very powerful and updated innovations for their latest bet platform.
According to them;
“The new platform will offer new updated provably fair casino games such as Blackjack and Roulette as well as all your favorites.
We will support multiple cryptocurrencies including Ethereum and Litecoin betting.
We will also allow casino websites and app owners to integrate with our platform. We’ll take care of user accounts and betting and let casinos develop their own unique games and promos while not having to worry about bankroll funds or security issues.
Soon after launch we will add sports betting, more casino games, poker games and tournaments and native mobile apps.
We also have some unique new games and social features that will be announced next month that players will be able to try on the beta site“
It may interest you to know that Betking casino made a profit of 7400 bitcoin in a little over two years with one simple game and minimal marketing. Imagine the amount of profit they are going make in this latest moves.
Betking casino also plans to partner with different parties during the course of running their business.
Betking has maped out a unique formula to be used for Bankroll tokens distribution during the crowdsale.
“100,000,000 BetKing Bankroll Tokens will be created as Ethereum ERC23 tokens and issued after the crowdsale ends.
70 million will be available for sale to crowdsale participants.
30 million will be retained by BetKing for ICO bounties (1%), testing bounties, advisors, hiring, future marketing and development.”
After the crowdsale Betking plans to use at least 50% of the funds raised for the house bankroll that players bet against and winnings are paid from.The remaining funds will be used for marketing, promos, seo, design, development, server costs and legal.
As part of their plans to carry out a successful gambling business that has the interest of the player and the investors at hand, Betking profit distribution will go this way;
‘A percentage of the profit made from bankrolled games will be used to buy back BetKing Bankroll tokens from holders. All profit made on bankrolled games will be audited and made available to token holders as was done in the past with the crowdfunded bankroll profits”
However explanation is giving by Betking to the meaning of “bankrolled games”;according to them
“Bankrolled games are games where a player plays against the house such as dice, blackjack and other casino games as well as 3rd party partner casino games. Player vs. player games such as poker are not”.
There are a lot of discounts to be offered to early investors during Bankroll Tokens crowdsale, which include;
- “1st week 15%
- 2nd week 10%
- 3rd week 5%
- 4th week no discount
An extra 5% discount will be available for previous BetKing bankroll providers regardless of what week they buy”
Finally the price of Bankroll token will be determine by the total fund raised during the initial currency offering(ICO).
Accordingly ,the issues of price is address by Betking with the following statements below;
“The total funds raised will determine the price per BetKing Bankroll token. We will take the total value of all funds at the current exchange rate at the end of the crowdsale to determine the total raised funds. E.g. If we raised $1,000,000 then the price per token would be $0.014 (1,000,000 / 70,000,000).
The buy back price offered by BetKing will be based on the current total bankroll profit. So for example if the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).
Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.
Token holders may choose to sell offsite to 3rd parties or on any exchanges that may list BetKing Bankroll Tokens if they require more liquidity”
Now that Betking is relunching with Bankroll Tokens crowdsale why not use this opportunity to invest in the Bankroll tokens and make good profit in the nearest future. Remember what Dean said during his exit period in 2015. According to him;
“I think Bitcoin gambling has matured and improved a lot since BetKing started and players have a much safer environment to play.”
I strongly believe that an investment in Bankroll Token is a worthwhile venture. Buy these Bankroll tokens and you will not regret it. Betking is going to be big! If you are a high roller this is the place for you. If you are out to invest in a bankroll this also the place for you.
A trial will convince you!